Astronics (OTCMKTS:ATROB) Posts Earnings Results, Beats Expectations By $0.09 EPS

Astronics (OTCMKTS:ATROB) released its earnings results on Tuesday. The aerospace company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09, Zacks reports. The business had revenue of $271.68 million for the quarter, compared to the consensus estimate of $267.97 million. Astronics had a net margin of 14.21% and a return on equity of 73.50%.

Astronics Stock Performance

OTCMKTS:ATROB opened at $60.49 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. Astronics has a 1-year low of $36.71 and a 1-year high of $94.28. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.91 and a beta of 1.33. The stock has a fifty day simple moving average of $64.98 and a 200 day simple moving average of $77.77.

Analyst Ratings Changes

Separately, KeyCorp upgraded shares of Astronics to a “hold” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Astronics Company Profile

Astronics Corporation develops and manufactures technologies for the aerospace, defense and other mission-critical markets. Its aerospace products include aircraft lighting and safety systems, electrical power generation and distribution equipment, cabin electronics, connectivity solutions and aircraft structures. The company also provides automated test systems and related equipment used by aerospace and defense organizations and other manufacturers. Astronics serves customers in North America and internationally, including commercial aviation, business aviation and military markets.